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use the following data to answer the questions below. Apple Inc. CONSOLIDATED BALANCE SHEETS Note 4 - Consolidated Financial Statement Details The following tables show

use the following data to answer the questions below.

image text in transcribedimage text in transcribedimage text in transcribed Apple Inc. CONSOLIDATED BALANCE SHEETS Note 4 - Consolidated Financial Statement Details The following tables show the Company's consolidated financial statement details as of September 28, 2019 and September 29, 2018 (in millions): Apple Inc. | 2019 Form 10-K | 43 Other Income/(Expense), Net The following table shows the detail of OI\&E for 2019, 2018 and 2017 (in millions): 2. Calculate Apple's debt to equity, long-term debt to equity, and times interest earned (accrual basis) for 2018 and 2019 . The industry averages for these ratios for 2019 were 52.42%,36.41%, and 13.83 , respectively. You will need to read Note 4 to find the amount of interest expense. Round your answers to two decimal places. Comment on Apple's mix of debt and equity and long-term solvency. While Apple is the industry averages for all three ratios, long-term solvency is of a concern for Apple at this point in time. Apple Inc. CONSOLIDATED BALANCE SHEETS Note 4 - Consolidated Financial Statement Details The following tables show the Company's consolidated financial statement details as of September 28, 2019 and September 29, 2018 (in millions): Apple Inc. | 2019 Form 10-K | 43 Other Income/(Expense), Net The following table shows the detail of OI\&E for 2019, 2018 and 2017 (in millions): 2. Calculate Apple's debt to equity, long-term debt to equity, and times interest earned (accrual basis) for 2018 and 2019 . The industry averages for these ratios for 2019 were 52.42%,36.41%, and 13.83 , respectively. You will need to read Note 4 to find the amount of interest expense. Round your answers to two decimal places. Comment on Apple's mix of debt and equity and long-term solvency. While Apple is the industry averages for all three ratios, long-term solvency is of a concern for Apple at this point in time

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